Commenting on 2017, Sergio Faifman, Loma Negra’s Chief Executive
Officer, noted:“2017 was a pivotal year for Loma Negra
marked by achieving significant milestones.Key events for the
Company last year included; volume and sales expansion benefitting from
the economic momentum in Argentina, record EBITDA, commenced expansion ofthe L’Amalí plant and ending the year with the successful Initial
Public Offering (IPO) – the largest Argentine IPO in almost 25 years and
the largest ever for a cement company.”

“Loma Negra’s 4Q17 cement segment in Argentina sales volume was up
14% compared to the same period of 2016, accelerating pace from the 9%
expansion in the previous quarter. This volume growth, combined with
higher prices, ongoing cost control, along with scale and efficiency
gains, resulted in a 57% increase in EBITDA.”

“We enter 2018 with good momentum as we expect the Argentinean
economic recovery to continue, particularly the construction sector –
both private and infrastructure - driving increasing demand for cement,
albeit not as fast following the significant recovery experienced in
2017, sustaining our expansion plans.”

“With the proceeds from the IPO, the Company’s financial position has
been enhanced and we are moving ahead with the expansion of the L’Amalí
plant. This project will expand cement production capacity by 40% when
completed in the beginning of 2020, further strengthening our
competitive position with improved efficiency and profitability and
ability to participate in the many infrastructure projects being
undertaken in Argentina.”

1 Unless otherwise stated, all financial figures discussed in this
announcement are prepared in accordance with International Accounting
Standard No. 34 “Interim Financial Reporting” and represent comparisons
between the three- and twelve-month periods ended December 31, 2017, and
the equivalent three- and twelve-month periods ended December 31, 2016.
Tables state figures in millions of pesos, unless otherwise noted.
Adjusted EBITDA, Adjusted EBITDA Margin and Net Debt are non-IFRS
measures. Definition of Adjusted EBITDA and Net Debt included in the
Definitions section of the report.

Table 1: Financial Highlights

(amounts expressed in millions of pesos, unless otherwise noted)

Three-months endedDecember 31,

Year endedDecember 31,

2017

2016

% Chg.

2017

2016

% Chg.

Net Revenue

4,452

2,834

57.1%

15,287

9,874

54.8%

Gross Profit

1,295

826

56.8%

4,436

2,610

70.0%

Gross Profit margin

29.1%

29.1%

-5 bps

29.0%

26.4%

+259 bps

Adjusted EBITDA

1,199

765

56.8%

3,942

2,350

67.7%

Adjusted EBITDA Mg.

26.9%

27.0%

-6 bps

25.8%

23.8%

+199 bps

Net profit

692

225

207.7%

1,700

502

238.7%

Net Profit attributable to owners of the Company

665

207

221.2%

1,591

491

223.9%

EPS

1.14

0.37

210.3%

2.79

0.87

221.1%

Shares outstanding at eop

596

566

5.3%

596

566

5.3%

Net Debt

1,184

3,536

-66.5%

1,184

3,536

-66.5%

Net Debt /Adjusted EBITDA

0.30

1.50

-1.20x

0.30

1.50

-1.20x

Table 1b: Financial Highlights in U.S. Dollars

(amounts expressed in millions of U.S. dollars, unless otherwise
noted)

Three-months endedDecember 31,

Year endedDecember 31,

2017

2016

% Change

2017

2016

% Change

Ps./US$, average

17.56

15.45

13.7%

16.56

14.78

12.1%

Ps./US$, end of period

18.88

15.93

18.5%

18.88

15.93

18.5%

Net revenue

254

183

38.2%

923

668

38.1%

Adjusted EBITDA

68

49

37.9%

238

159

49.7%

Net Profit

39

15

170.7%

103

34

202.2%

Net Profit attributable to owners of the Company

38

13

182.6%

96

33

189.0%

Net Debt

63

222

-71.7%

63

222

-71.7%

Net Debt /Adjusted EBITDA

0.30

1.50

-1.20x

0.30

1.50

-1.20x

On December 22, 2016 Loma Negra acquired an additional 16% of the
outstanding shares of its subsidiary Yguazu Cementos S.A. (Yguazu
Cementos), achieving control and 51% of ownership in the Paraguayan
cement company. Accordingly, considering that the consolidation was not
deemed significant for the 10-day period ended December 31, 2016, until
December 31, 2016, Loma Negra’s ownership in Yguazu Cementos was
accounted for by the equity method and results of operations of Yguazú
Cementos were recorded under the line item “Share of profit (loss) of
associates”. Starting January 1, 2017, Loma Negra began to fully
consolidate Yguazu Cementos’ results on a line by line basis.

Overview of Operations

Sales Volumes

Table 2: Loma Negra Sales Volumes

Three-months endedDecember 31,

Year endedDecember 31,

2017

2016

% Change

2017

2016

% Change

Cement, masonry & lime

Argentina

MM Tn

1.76

1.54

14.0%

6.42

5.89

8.9%

Paraguay

MM Tn

0.13

-

n.m.

0.57

-

n.m.

Cement, masonry & lime total

1.89

1.54

22.5%

6.99

5.89

18.6%

Argentina:

Concrete

MM m3

0.24

0.16

53.8%

0.82

0.60

36.6%

Railroad

MM Tn

1.29

1.22

6.3%

4.98

4.64

7.2%

Aggregates

MM Tn

0.28

0.26

7.2%

1.07

0.97

10.1%

Total cement, masonry and lime sales volumes in Argentina increased
14.0% YoY in 4Q17 to 1.76 million tons, driven by increased construction
activity both in infrastructure and private consumption. This, along
with the 0.13 million tons contribution from Yguazú Cementos, resulted
in a 22.5% increase in total volume for the quarter.

In Argentina, concrete volumes were up 53.8% to 0.24 million m3 reflecting
the strong pick-up in public infrastructure in our markets - the city of
Buenos Aires and Greater Buenos Aires as well in as the city of Rosario,
province of Santa Fe. Aggregates volumes notwithstanding strong demand
saw growth constrained to 7.2% to 0.28 million tons due to capacity
constrains. A new crusher is anticipated to begin production in 2Q18,
which will enable the Company to double production capacity of
Aggregates.

For FY17 Loma Negra reported an 18.6% increase in total cement, masonry
and lime sales volumes. In Argentina, volumes rose 8.9%, with concrete
increasing 36.6%. Yguazú Cementos, which was fully consolidated starting
January 1, 2017, contributed with 0.57 million tons in sales volumes.

Review of Financial Results

Table 3: Consolidated Statement of Profit or Loss

(amounts expressed in millions of pesos, unless otherwise noted)

Three-months endedDecember 31,

Year endedDecember 31,

2017

2016

% Change

2017

2016

% Change

Net revenue

4,452

2,834

57.1

%

15,287

9,874

54.8

%

Cost of sales

(3,157

)

(2,008

)

57.2

%

(10,850

)

(7,265

)

49.4

%

Gross Profit

1,295

826

56.8

%

4,436

2,610

70.0

%

Share of profit (loss) of associates

-

(9

)

-100.0

%

-

37

-100.0

%

Selling and administrative expenses

(347

)

(303

)

14.6

%

(1,199

)

(929

)

29.0

%

Other gains and losses

82

109

-25.0

%

79

124

-36.5

%

Tax on debits and credits to bank accounts

(59

)

(34

)

73.3

%

(188

)

(140

)

34.3

%

Finance costs, net

Exchange rate differences

(98

)

(60

)

63.1

%

(313

)

(261

)

19.9

%

Financial income

65

15

334.2

%

104

41

152.3

%

Financial expenses

(134

)

(186

)

-28.2

%

(633

)

(721

)

-12.3

%

Profit before tax

805

359

124.4

%

2,286

760

200.9

%

Income tax expense

Current

(194

)

(126

)

54.1

%

(651

)

(239

)

172.8

%

Deferred

82

(8

)

n.m.

66

(19

)

n.m.

Net profit

692

225

207.7

%

1,700

502

238.7

%

Net Profit attributable to owners of the Company

665

207

221.2

%

1,591

491

223.9

%

On December 22, 2016 Loma Negra acquired an additional 16% of the
outstanding shares of its subsidiary Yguazu Cementos, achieving
control and 51% of ownership in the Paraguayan cement company.
Accordingly, considering that the consolidation was not deemed
significant for the 10-day period ended December 31, 2016, until
December 31, 2016, Loma Negra’s ownership in Yguazu Cementos was
accounted for by the equity method and results of operations of
Yguazú Cementos were recorded under the line item “Share of profit
(loss) of associates”. Starting January 1, 2017, Loma Negra began to
fully consolidate Yguazu Cementos’ results on a line by line basis.

Net Revenues

Net revenue for 4Q17 increased 57.1% to Ps.4,452 million, from
Ps.2,834 million in 4Q16, mainly driven by higher volumes sold across
all segments along with increased prices. Revenues from Argentina grew
47.1%, or Ps.1,335 million, while Yguazú Cementos contributed with
Ps.284 million.

For FY17, net revenues rose 54.8% to Ps.15,287 million. Revenues in
Argentina grew 43.1%, or Ps.4,259 million, while revenues at Yguazú
Cementos reached Ps.1,153 million in revenues from during the year.

Cost of Sales & Gross Profit

Cost of sales increased 57.2% YoY to Ps.3,157 million in 4Q17,
reflecting the greater sales volume, cost inflation, particularly wages
and maintenance costs, together with thermal energy cost, and the
contribution of Ps.201 million in costs from Yguazú Cementos. As a
percentage of sales, cost of sales remained unchanged YoY at 70.9% and
declined from the 72.1% reported in 3Q17 as third quarter results are
typically impacted by higher seasonal thermal and electricity costs
experienced during winter months.

Cost of Sales in the Argentinean business grew by 38.3%, mainly due to
higher thermal along with increased wages and maintenance costs. As a
percentage of revenues, however, cost of sales in Argentina remained
stable at 70.9%.

As a result, Gross profit rose56.8% toPs.1,295
million from Ps.826 million in 4Q16, with gross margin relatively flat
YoY at 29.1%. Sequentially, however, gross margin expanded by 120 basis
points from 27.9% in 3Q17. Gross profit in Argentina increased 46.7% to
Ps.1,212 million in 4Q17, with gross profit margin stable at 29.1%.

Selling and administrative expenses (SG&A) rose 14.6% YoY, to
Ps.347 million in 4Q17 from Ps.303 million in 4Q16, mainly reflecting
higher sales volumes. SG&A for the Argentine operations grew by 10.6%,
while the consolidation of Yguazú Cementos contributed with Ps.12
million in SG&A. As a percentage of revenues, SG&A declined 290 basis
points to 7.8% from 10.7% in the year-ago period as the Company
continues to enjoy the benefits of scale and operational leverage.

During FY17, SG&A in absolute values increased 29.0% from the year-ago
levels, but as a percentage of sales contracted by 157 basis points to
7.8%, from 9.4% in FY16. SG&A for the Argentine operations increased
24.4% YoY to Ps.1,156 million, representing 8.2% of revenues, compared
with 9.4% in FY16. SG&A at Yguazú Cementos reached Ps. 42.9 million in
FY17, reaching 3.7% of revenues.

Net Profit and Net Profit Attributable to Owners of the Company

During 4Q17, the Company achieved Net Profit of Ps.692 million,
representing a 207.7% increase from Ps.225 million reported in the
year-ago period. Net Profit also benefited from the increase in Loma
Negra’s equity interest in Yguazú Cementos. The effective tax rate
declined to 14% in 4Q17 from 37% in 4Q16, reflecting an adjustment in
deferred taxes in Argentina resulting from the recent Tax Reform which
reduced the income tax rate from 35% to 30% in 2018 and 2019, and to 25%
thereafter; and the consolidation of Yguazu Cementos which has a 10%
income tax rate.

Net Profit Attributable to Owners of the Company for the quarter
rose 221.2% YoY, or Ps.458 million, to Ps.665 million. Earnings per
common share were Ps.1.14 in 4Q17, compared with earnings per share of
Ps.0.37 for the same period last year.

During FY17, Net Profit Attributable to Owners of the Company increased
223.9% YoY, to Ps.1,591 million, from Ps.491 million in FY16.

Adjusted EBITDA & Adjusted EBITDA Margin

Table 4: Adjusted EBITDA Reconciliation & Margin

(amounts expressed in millions of pesos, unless otherwise noted)

Three-months endedDecember 31,

Year endedDecember 31,

2017

2016

% Change

2017

2016

% Change

Adjusted EBITDA reconciliation:

Net profit

692

225

207.7%

1.700

502

238.7%

(+) Financial interest, net

63

116

-46.2%

441

572

-22.9%

(+) Income tax expense

112

134

-16.0%

586

258

127.2%

(+) Depreciation and amortization

168

140

19.9%

626

509

22.9%

(+) Exchange rate differences

98

60

63.1%

313

261

19.9%

(+) Other financial expenses, net

6

55

-88.6%

88

108

-18.4%

(+) Tax on debits and credits to bank accounts

59

34

73.3%

188

140

34.3%

Adjusted EBITDA

1.199

765

56.8%

3.942

2.350

67.7%

Adjusted EBITDA Margin

26,9%

27,0%

-6bps

25,8%

23,8%

+199bps

Adjusted EBITDA increased 56.8% year-over-year in 4Q17 reaching
Ps.1,199 million, driven mainly by the combination of expanding revenues
from continued growth in sales volumes and prices, good cost control and
higher operational leverage, along with the consolidation of Yguazú
Cementos in 2017, which contributed with Adjusted EBITDA of Ps.120
million in the quarter.

Adjusted EBITDA Margin remained relatively unchanged YoY at
26.9%. Sequentially, however, Adjusted EBITDA Margin expanded 280 basis
points from 24.1% in 3Q17, as the business in Argentina continues to
expand.

During 4Q16 the Company reported one-time gains of Ps.84.4 million from
Ferrosur Roca’s canon (concession fee) recovery and Ps.69.3 million
related to the international equity offering, both included under the
other income line. Excluding these one-time items, Adjusted EBITDA would
have increased 66%, with Adjusted EBITDA Margin expanding 137 bps to
25.4%.

By geography, Argentina reported a 41.0% year-over-year increase in
Adjusted EBITDA reaching Ps.1,078 million in 4Q17, with Adjusted EBITDA
margin contracting 111 basis points to 25.9% in 4Q17 reflecting one-time
gains in both quarters. Excluding the one-items discussed above,
Adjusted EBITDA in Argentina would have increase 20 basis points to
24.2% from 24.0% in 4Q16. Sequentially, Adjusted EBITDA margin in
Argentina expanded 325 basis points, from 22.6% in 3Q17, driven by
higher sales and operating leverage. Paraguay, in turn, contributed with
Ps.120 million in Adjusted EBITDA and Adjusted EBITDA Margin of 42.4% in
4Q17.

On a full-year basis, Adjusted EBITDA increased 67.7% and Adjusted
EBITDA margin expanded 199 basis points to 25.8% from 23.8% in 2016.
Argentina, reported a 43.1% increase in Adjusted EBITDA, with Adjusted
EBTIDA margin expanding 72 basis points during the year, while Yguazu
Cementos recorded Adjusted EBITDA of Ps.477 and an Adjusted EBITDA
margin of 41.4%.

Table 5: Adjusted EBITDA By Geography

(amounts expressed in millions of pesos, unless otherwise noted)

Three-months ended December 31,

Year ended December 31,

2017

2016

% Change

2017

2016

% Change

Argentina

Net Revenue

4,169

2,834

47.1%

14,134

9,874

43.1%

Adjusted EBITDA

1,078

765

41.0%

3,465

2,350

47.4%

Adjusted EBITDA Margin

25.9%

27.0%

-111 bps

24.5%

23.8%

+72 bps

Paraguay

Net Revenue

284

-

n.m.

1,153

-

n.m.

Adjusted EBITDA

120

-

n.m.

477

-

n.m.

Adjusted EBITDA Margin

42.4%

-

n.m.

41.4%

-

n.m.

Capitalization

Table 6: Capitalization and Debt Ratio

As of December 31,

2017

2016

Total Debt

4,364

4,339

- Short-Term Debt

1,760

3,062

- Long-Term Debt

2,604

1,277

Cash and Cash Equivalents

3,180

803

Total Net Debt

1,184

3,536

Shareholders' Equity

4,416

1,131

Capitalization

8,780

5,470

Adjusted EBITDA

3,942

2,350

Net Debt / Adjusted EBITDA

0.30x

1.50x

Total Cash and cash equivalents as of December 31, 2017 were Ps.3,180
million, reflecting Ps.1,867 million in net IPO proceeds. Total Debt at
year-end reached Ps.4,364 million, of which Ps.1,760 million were
short-term borrowings, including the current portion of long-term
borrowings (or 40% of total borrowings), and Ps.2,604 million long-term
borrowings (or 60% of total borrowings).

As of December 31, 2017, 43%, or Ps.1,882 million, Loma Negra’s total
debt was denominated in U.S. dollars, 34% (or Ps.1,470 million) in
Guaraníes, and 23% (or Ps.1,012 million) in Argentine pesos, with an
average duration of 2.0 years.

As of December 31, 2017, Ps.2,479 million, or 57%, of the Company’s
total consolidated borrowings bore interest at floating rates, including
Ps.449 million of Peso-denominated borrowings that bore interest at
rates based on the Buenos Aires Deposits of Large Amount Rate, or
BADLAR, Ps.1,792 million of foreign currency-denominated borrowings that
bore interest at rates based on Libor, and Ps.238 million of borrowings
with other floating interest rate.

As a result of both the strong operational performance, which drove
higher Adjusted EBITDA and cash generation, along with a portion of IPO
proceeds the Net Debt to Adjusted EBITDA ratio at year-end 2017 declined
to 0.30x from 1.50x as of December 31, 2016. As of December 31, 2016,
Yguazú Cementos was only consolidated in the Balance Sheet Statements
and not in the Profit and Loss Statement.

Effects of the exchange rate differences on cash and cash
equivalents in foreign currency

116

22

Cash and cash equivalents at the end of the year

3,180

803

Capital expenditures for 4Q17 were Ps.312 million, 89% of which were
related to maintenance of existing capacity and the 11% directed to
modernization and expansion of production capacity project, including
the first phase of the L’Amalí expansion.

For the full year ended December 31, 2017, Loma Negra made capital
investments totaling Ps.1,261 million, compared with Ps.647 million in
FY16.

Expansion of L’Amalí Plant

Loma Negra is increasing installed capacity at its L’Amalí plant by 2.7
million tons annually. This expansion involves a capital expenditure of
approximately US$350 million. The execution phase of the L’Amalí plant
expansion started in August 2017, with a total execution time estimated
at 31 months and is expected to be completed early 2020.

On July 2017, the Company accepted the Offer received from the Chinese
company Sinoma International Engineering Co. Ltd. (“Sinoma”) for the
construction of a new cement plant with a capacity of 5,800 tons per day
of clinker. The offer includes the engineering, provision and shipment
of all the equipment for the plant and its construction.

Phase 1, which involved basic engineering of the new plant and study of
soil in situ was completed in 4Q17. The Company has now started Phase 2
of this project, which includes equipment provision and plant
construction and is anticipated to take 26 months. Capital expenditures
related to this project during FY17 were Ps.52.4 million.

Also, during this quarter, the relevant permits and environmental
approvals were obtained from the competent authorities.

Recent Events

Loma Negra Calls for a General Annual Shareholders’ Meeting

On March 8, 2018 Loma Negra announced that its General Annual
Shareholders Meeting will be held on April 25, 2018 at 10:00 am Buenos
Aires time on first call, and on the same day at 12:00 pm Buenos Aires
time on second call. The meeting will be held at the auditorium located
on the ground floor of Avenida Leandro N. Alem 882, Autonomous City of
Buenos Aires.

Among the key items of the agenda, the Company’s Board has submitted for
consideration its recommendation to fully re-invest Loma Negra’s 2017
earnings.

A presentation will also be available for download from the Company’s IR
site after market close on March 8, 2017.

Replay: A telephone replay of the conference call will be
available between March 8, 2018 at 1:00 pm U.S. E.T. and ending on March
16, 2018. The replay can be accessed by dialing 1-877-344-7529 (U.S.
toll free), or 1-412-317-0088 (International). The passcode for the
replay is 10117407. The audio of the conference call will also be
archived on the Company’s website at www.lomanegra.com.ar.

Definitions

Adjusted EBITDA is calculated as net profit plus financial
interest, net plus income tax expense plus depreciation and amortization
plus exchange rate differences plus other financial expenses, net plus
tax on debits and credits to bank accounts. Loma Negra believes that
excluding tax on debits and credits to bank accounts from its
calculation of Adjusted EBITDA is a better measure of operating
performance when compared to other international players.

Net Debt is calculated as borrowings less cash and cash
equivalents.

About Loma Negra

Founded in 1926, Loma Negra is the leading cement company in Argentina,
producing and distributing cement, masonry cement, aggregates, concrete
and lime, products primarily used in private and public construction.
Loma Negra is a vertically-integrated cement and concrete company, with
nationwide operations, supported by vast limestone reserves,
strategically located plants, top-of-mind brands and established
distribution channels. The Company also owns a 51% equity stake in an
integrated cement production plant in Paraguay, which is one of two
leading cement producers in that country. Loma Negra is listed both on
BYMA and on NYSE in the U.S., where it trades under the symbol “LOMA”.
One ADS represents five (5) common shares. For more information, visit www.lomanegra.com.

Note

The Company presented some figures converted from Pesos to U.S.
dollars for comparison purposes. The exchange rate used to convert Pesos
to U.S. dollars was the reference exchange rate (Communication “A” 3500)
reported by the Central Bank for U.S. dollars.The information
presented in U.S. dollars is for the convenience of the reader only.Certain
figures included in this report have been subject to rounding
adjustments.Accordingly, figures shown as totals in certain
tables may not be arithmetic aggregations of the figures presented in
previous quarters.

Disclaimer

This release contains forward-looking statements within the meaning of
federal securities law that are subject to risks and uncertainties.
These statements are only predictions based upon our current
expectations and projections about possible or assumed future results of
our business, financial condition, results of operations, liquidity,
plans and objectives. In some cases, you can identify forward-looking
statements by terminology such as “believe,” “may,” “estimate,”
“continue,” “anticipate,” “intend,” “should,” “plan,” “expect,”
“predict,” “potential,” “seek,” “forecast,” or the negative of these
terms or other similar expressions.

The forward-looking statements are based on the information currently
available to us. There are important factors that could cause our actual
results, level of activity, performance or achievements to differ
materially from the results, level of activity, performance or
achievements expressed or implied by the forward-looking statements,
including, among others things: changes in general economic, political,
governmental and business conditions globally and in Argentina, changes
in inflation rates, fluctuations in the exchange rate of the peso, the
level of construction generally, changes in cement demand and prices,
changes in raw material and energy prices, changes in business strategy
and various other factors.

You should not rely upon forward-looking statements as predictions of
future events. Although we believe in good faith that the expectations
reflected in the forward-looking statements are reasonable, we cannot
guarantee that future results, levels of activity, performance and
events and circumstances reflected in the forward-looking statements
will be achieved or will occur. Any or all of Loma Negra’s
forward-looking statements in this release may turn out to be wrong. You
should consider these forward-looking statements in light of other
factors discussed under the heading “Risk Factors” in the prospectus
filed with the Securities and Exchange Commission on October 31, 2017 in
connection with Loma Negra’s initial public offering. Therefore, readers
are cautioned not to place undue reliance on these forward-looking
statements.

Except as required by law, we undertake no obligation to update publicly
any forward-looking statements for any reason after the date of this
release to conform these statements to actual results or to changes in
our expectations.

Table 8: Consolidated Statements of Financial Position

(amounts expressed in millions of pesos, unless otherwise noted)

As of December 31,

2017

2016

ASSETS

Non-Current assets

Property, plant and equipment

5,979

4,881

Intangible assets

75

57

Investments

0

0

Goodwill

39

39

Inventories

215

176

Other receivables

145

229

Trade accounts receivable

-

78

Total non-current assets

6,454

5,461

Current assets

Inventories

1,834

1,717

Other receivables

242

226

Trade accounts receivable

1,263

629

Investments

2,991

694

Cash and banks

189

234

Total current assets

6,519

3,501

TOTAL ASSETS

12,972

8,962

SHAREHOLDERS´EQUITY

Capital stock and other capital related accounts

1,922

87

Reserves

59

44

Retained earnings

1,591

460

Accumulated other comprehensive income

250

149

Equity attributable to the owners of the Company

3,823

740

Non-controlling interests

593

390

Total shareholders´equity

4,416

1,131

LIABILITIES

Non-current liabilities

Borrowings

2,604

1,277

Accounts payable

71

82

Provisions

161

121

Tax liabilities

0

1

Other liabilities

16

28

Deferred tax liabilities

229

293

Total non-current liabilities

3,082

1,802

Current liabilities

Borrowings

1,760

3,062

Accounts payable

2,362

2,226

Advances from customers

206

107

Salaries and social security payables

542

380

Tax liabilities

573

225

Other liabilities

32

29

Total current liabilities

5,474

6,030

TOTAL LIABILITIES

8,556

7,832

TOTAL SHAREHOLDERS´EQUITY AND LIABILITIES

12,972

8,962

Table 9: Consolidated Statement of Profit or Loss and Other
Comprehensive Income

(amounts expressed in millions of pesos, unless otherwise noted)

Three-months endedDecember 31,

Year endedDecember 31,

2017

2016

% Change

2017

2016

% Change

Net revenue

4,452

2,834

57.1

%

15,287

9,874

54.8

%

Cost of sales

(3,157

)

(2,008

)

57.2

%

(10,850

)

(7,265

)

49.4

%

Gross Profit

1,295

826

56.8

%

4,436

2,610

70.0

%

Share of profit (loss) of associates

-

(9

)

-100.0

%

-

37

-100.0

%

Selling and administrative expenses

(347

)

(303

)

14.6

%

(1,199

)

(929

)

29.0

%

Other gains and losses

82

109

-25.0

%

79

124

-36.5

%

Tax on debits and credits to bank accounts

(59

)

(34

)

73.3

%

(188

)

(140

)

34.3

%

Finance costs, net

Exchange rate differences

(98

)

(60

)

63.1

%

(313

)

(261

)

19.9

%

Financial income

65

15

334.2

%

104

41

152.3

%

Financial expenses

(134

)

(186

)

-28.2

%

(633

)

(721

)

-12.3

%

Profit before tax

805

359

124.4

%

2,286

760

200.9

%

Income tax expense

Current

(194

)

(126

)

54.1

%

(651

)

(239

)

172.8

%

Deferred

82

(8

)

n.m.

66

(19

)

n.m.

Net profit

692

225

207.7

%

1,700

502

238.7

%

Net Profit attributable to owners of the Company

Other Comprehensive Income

Items to be reclassified through profit and loss:

93

(2

)

n.m.

198

34

477.5

%

Exchange differences on translating foreign operations

-

-

n.m.

-

(54

)

-100.0

%

Cash flow hedges

93

(2

)

n.m.

198

(20

)

n.m.

Total other comprehensive income (loss)

785

223

252.4

%

1,899

482

294.0

%

TOTAL COMPREHENSIVE INCOME

Net Profit (loss) for the period attributable to:

665

207

221.2

%

1,591

491

223.9

%

Owners of the Company

27

18

51.1

%

110

11

909.9

%

Non-controlling interests

692

225

207.7

%

1,700

502

238.7

%

NET PROFIT FOR THE YEAR

Net Profit (loss) for the period attributable to:

713

205

247.8

%

1,692

471

259.1

%

Owners of the Company

27

18

51.1

%

207

11

1806.1

%

Non-controlling interests

740

223

232.0

%

1,899

482

294.0

%

TOTAL COMPREHENSIVE INCOME

1,14

0,37

210.3

%

2,79

0,87

221.1

%

Earnings per share (basic and diluted):

4,452

2,834

57.1

%

15,287

9,874

54.8

%

Table 10: Consolidated Statement of Cash Flows for the year Ended
December 31, 2017 and 2016